DUKE ENERGY TO AUCTION MOSS LANDING CAPACITY

HOUSTON – Duke Energy will be conducting an auction of a variety of electric generation capacity products from its Moss Landing units 6 and 7 (750 megawatts each). The Moss Landing facility is the largest power plant in California, with four units and a total generating capacity of 2,538 megawatts. The plant is located in Monterey County, about 90 miles south of San Francisco, and is connected to the Cal-ISO managed transmission system in the Western Electric Coordinating Council region.

All qualified bidders are encouraged to participate in the request for offers (RFO) which will be conducted according to the following schedule:

For more information about bidder qualifications, the Moss Landing facility and the RFO rules, contact James Mackey, director of energy marketing, jbmackey@duke-energy.com or 713/989-1727; or Vincent Davis, director of power marketing, vmdavis@duke-energy.com or 713/989-0616.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internetat: http://www.duke-energy.com.